WRIST WATCH COMPANY

PLAN FOR ACTION IN A MAJOR SURPLUS OF

OUR PRODUCT.

PRIMARY ACTION: CUTBACKWe need to cutback our production, so that we do not have additional surplus that are unable to sell and to lessen also our expenses.

EFFECT OF CUTBACK TO :THE WORKERS : as the production cutback our workers have a lessen to do, so we need to reduce our man power in order also to lessen our expenses in their salaries, allowances and wages.

EXPENSES : a lesser production means a lesser expenses to incurred.

OUR MAJOR CONCERNS :Distribute and sell the product in its

original market price.Make a course of promotional actions :

- Advertisements - Freebies

- Point cards- Warranty- other strategy

INORDER TO :Get the company into a good financial

position.Continue its normal operationCompetitive to the economyMaintain solvency and profitabilityHave an economic entity in the societyTo expand the company’s operationsTo be one of the most popular wrist watch

company in the world

PLAN FOR ACTIONS :

COORDINATE :The president, The Human Resource

Department(HRD), The Marketing Department(MD), The Financial Department(FD), The Production Department(PD) and The accounting Department(AD) must communicate well to have:

a unity and one goal.

COORDINATE :HRD

AD

MD

PD

PRESIDEN

T

FD

We must coordinate more in our operation, in making decisions and plans.

We must communicate to each other to have an effective and efficient operation.

The funds that we should used in producing our products and the wages, allowances and salaries that we should spend to our workers that was reduced we an use it to promote our products.

We can used our reserve funds.We can acquire loans to have

sufficient funds in promoting and selling our wrist watches.

ACQUISITION OF FUNDS FOR ADVERTISEMENT :

PROMOTION :TV Commercial- this is the most effective

way of promoting products. I know it is expensive way of promoting products but I can assure that our product will become popular to the public and according to Tim Stracke, the CEO of Chrono24.com. Chrono24 is the world’s largest online market place for people who buy and sell watches he said “a popular products are more demanded to the public.”

- from this we can be able to sell even our surplus products.

PROMOTION…Tarpaulins- through this we can be more

emphasizes our products to the public. We can place it to the highway road side where is easily see by the public to catch their attention and to encourage them to buy our product.

Leaf lets- we can give a leaf lets so that customers will know more about the features, promos, prices and other information about to our products that can also stimulate them to buy.

PROMOTION…Another is we can make a page in networking sites that promotes our products for now people are so familiar to networking sites and most of us have an accounts to different sites. We can used also the online store to sell our products and the advantages of it is less expense or cost but it can be effective.

PROMOS : FREEBIES, WARRANTS AND POINTSWe can give many promos to attract them to buy not only once but repeatedly and the persons that has acquired our products and promos they can tell it to their friends, family and even share it to the networking sites for this our customers apply the word of the mouth advertisement.

FREEBIESFREE item for selected watches so that they

are more willing to buy that kind of watch.

PRODUCT FREE ITEMPLUS

WARRANTSWe can give warranties to every watch for at

least one year period so that buyers will assure that the watch they bought is secured.

PRODUCT WARRANTYPLUS

CARD POINTS TO DISCOUNTSWe can give points to every watch that they

buy and then they can use it to acquire discounts when they wanted to buy again from here they prefer to buy our products than the other one.

PRODUCTS CARD POINTSPLUS

WE CAN MAKE..OUR COMPANY bring its good financial

position again.

JUST DO OUR BEST!!

THANK YOU!!